Manitou : H1 2020 hard hit by the health crisis, tougher times ahead in H2
>H1 results down sharply but at a slower pace than expected, heavy fallout from COVID-19 - Manitou reported yesterday evening its H1 2020 results. Although they were better than expected, the results were nonetheless heavily impacted by the health crisis (especially since the comparison base was abnormally high), with in particular a 35% drop in revenues (-43% in Q2 after -25% in Q1) and an underlying operating profit divided by three (impact on revenues partially off...Manitou BF is active on the global market for material handling. Co. divides its activities into three divisions: Rough Terrain Handling (RTH) where Co. assembles and distributes rough terrain handling equipment such as masted forklift trucks and fixed and rotating telescopic forklift trucks; Industrial Material Handling (IMH) where Co. designs and distributes semi-industrial masted forklift trucks; industrial forklift trucks; truck-mounted forklifts; and Compact Equipment (CE) where Co. designs, assembles and distributes skid steer loaders, telescopic forklift trucks, articulated loaders and mini excavators. Co.'s brands include Manitou®, Gehl®, Mustang®, Loc®, Edge®.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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